Crypto Market

Crypto	BTC	ETH
Weekly High	$ 77,957	$ 2,451
Weekly Low	$ 70,758	$ 2,183

BTC and ETH Market Insight

The crypto market rallied on positivity driven by compelling negotiations between the US and Iran, bolstered by President Trump’s social media presence and his consistent war-ending messages. Rumors successfully pushed Bitcoin (BTC) past the strong 72K resistance, alongside Morgan Stanley’s newest BTC ETF, which purchased roughly $100 million worth of BTC during that period. This marked a powerful shift as traditional finance expands its influence into DeFi and deeper integration. Ethereum and other altcoins followed Bitcoin's lead with larger percentage gains, ETH spiked to 2,460 before pulling back to settle between 2,250 and 2,350.

While war uncertainties continue to cloud investors' and traders' decisions, US equities showed a sharp recovery after the recent dip, exceeding previous peaks to surge to a new all-time high above 7,000. As geopolitical tensions eased, oil prices plunged to $80 as the ceasefire materialized. Investors should remain sharp and alert to the ever-changing Strait of Hormuz drama to avoid missing opportunities or suffering capital loss from a sudden black swan event.

Upcoming Macro Calendar - Source: Trading Economics

Options Market

Over the past week, the market inched higher, with BTC climbing to around $77,000 and ETH nearing $2,400. The advance was primarily driven by renewed institutional interest, as BTC recorded net ETF inflows of approximately +13K BTC and ETH saw robust inflows of around +118K ETH. Implied volatility eased modestly across 1-week and longer tenors in tandem with realized volatility, with BTC 1W ATM IV settling at 39% and ETH 1W IV at 60%, while longer-dated IV held relatively stable in the mid-40s (BTC) to mid-60s (ETH). Skew retained an overall bearish tilt but showed clear relief in 1-week and longer tenors—BTC 25Δ 1W skew ending at 9.85 vol points while ETH 25Δ 1W skew flattened to just 1.32 vol points—signaling a significant reduction in demand for aggressive downside protection.

Altcoins and Blockchain News

In April, more than 13 crypto protocols and platforms were hit by attacks of varying scale, with total losses exceeding $600 million. Among them, the Drift and KelpDAO incidents each caused losses of more than $280 million.
KelpDAO was exploited through a vulnerability that allowed the attacker to mint 116,500 rsETH out of thin air, resulting in losses of about $293 million. Most of the rsETH was deposited into Aave as collateral to borrow ETH, while a smaller portion was sold directly for ETH.
On April 17, Anthropic launched Claude Design under Anthropic Labs, positioning it as a tool for generating design drafts, interactive prototypes, presentations, and marketing materials through conversations with Claude.

nX’s head of product, Nikita Bier, said that the platform’s newly launched Cashtags feature had already driven around $1 billion in transaction volume globally within just a few days of launch.
World announced a major upgrade to the World ID protocol, now covering about 18 million users worldwide who have been verified through Orb, expanding to more than 160 countries, and integrating with Tinder and Zoom to strengthen use cases for “proof of personhood.”
The Ethereum Foundation recently released a summary report on its ETH Rangers security program, revealing that during the six-month security grant initiative, researchers identified around 100 suspected state-sponsored cyber operatives, including infiltrators from North Korea (DPRK), who had been active across multiple Web3 projects.
Payward, the parent company of Kraken, announced that it will acquire crypto derivatives platform Bitnomial in a cash-and-stock deal worth up to $550 million.
The Ethereum network processed 200.4 million transactions in the first quarter of 2026, surpassing 200 million transactions in a single quarter for the first time. This marks a 43% increase from 145 million transactions in the fourth quarter of 2025, setting a new all-time high.

Macro

The major benchmarks finished the week with solid gains, with several of them marking record highs: the DJIA added +3.19%, the S&P 500 rose +4.53%, and the Nasdaq gained +6.83%. The Chinese stock market also finished a strong week with the ceasefire agreement of U.S.-Iran strikes: the Shanghai Composite Index added +1.64%, the CSI 300 rose +1.99% and the Hang Seng index advanced +1.03%.

Disclaimer

Market

View Original

Weekly Market Update - 20 Apr 2026

Amber Group

Weekly Market Update - 13 Apr 2026

Amber Group

Weekly Market Update - 08 Apr 2026

Amber Group

Weekly Market Update - 30 Mar 2026

Amber Group